Greater Pittsburgh Luxury Real Estate Market Report
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Lifestyle of the Rich & Famous Pittsburgh Edition
HOMES $1,000,000+ STATISTICS
April YTD 2024
244 Listings on the market
94 Under contract
81 sold in 2024
89 avg days on market
92.71% list price / sales price
Avg $1,412,881
from the archives of last years email
April YTD 2023
189 Listings on the market
66 Under contract
50 sold in 2023
78 average days on market
93.77% list price / sales price
Avg $1,484,225
People make comments and ask questions all the time, about interest rates and how the market is performing….
“Think about this, MORE Luxury homes sold in 2023 than 2019 & 2020 combined.”
YTD Statistics
Comparing the last several years the High-end Luxury market has remained on the move. We are still in the MIDDLE of the best or 2nd BEST Luxury Market the Greater Pittsburgh Area has ever seen. Inventory (available homes) has increased 22%, pendings (under contract homes) have increased 30%, solds (sold homes) increased 38% in this sector since April 2023 and has remained stabile. It will be interesting to see with the increased inventory if this does start to shift to the buyers advantage, it does look like there is about 1% additional negotiating going on.
PENDINGS in the Luxury Market has increased slightly over the last month, but nothing really notable. It is showing more activity than last year at this time.
I have studied with the Institute for Luxury Home Marketing and have a robust marketing plan for Luxury homes! - Nick
Feature Home
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